Didn’t work out too well for them did it. The oh so predictable dump to take out the 350, wall but no follow through volume today. Seems to be the story for them of late and the ammo is running out, you would thunk.
It appears that the remaining retail holders are ok to hold. The tree shakes are dropping less fruit and that is why >20% short sold has not yielded a sustained SP below 350.
Honestly, any other company with a short position this high would have a SP at $2. Shows the quality of this company and how willing astute funds and investors are to absorb the manufactured selling.
638M shares to buyback. Good luck with that.
Small pool of sellers at <$10, IMO.
PLS chart, page-19780
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Last
$2.92 |
Change
0.070(2.46%) |
Mkt cap ! $8.793B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.97 | $2.87 | $100.5M | 34.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 490422 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 56326 | 3 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |